To Garage Sale or Not?
Thinking of holding a yard sale, garage sale or tag sale to make some money from your unwanted items? You're not alone. These types of sales peak in the summer, when days are longer and warmer--which inspires the urge to clean out the garage and closets and make some money to fund a summer vacation.
If you're looking for quick cash with a minimal investment, you're better off selling bigger-ticket items like furniture on Craigslist
or collectibles and designer goods on eBay
. You'll reach a much larger pool of interested potential buyers, and you won't have to hang signs in your neighborhood, sit in your driveway for hours or be nickel-and-dimed by bargain hunters.
Expect to clear a few hundred dollars at a typical garage sale. That may seem like a good return, but consider how many hours you'll have to devote to earning that money: displaying and pricing the goods, publicizing the sale on social media and throughout your neighborhood, going to the bank to get change and small bills, boxing up everything that doesn't sell for donation and finally, going through your neighborhood to remove the signs you posted advertising your sale.